Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2020

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

A summary of the changes in each component of Accumulated other comprehensive income (loss), net of tax for the quarters and nine months ended September 30, 2020 and 2019 is provided below:


(dollars in millions)	Foreign Currency Translation		Defined Benefit Pension and Postretirement Plans		Unrealized Hedging (Losses) Gains		Accumulated Other Comprehensive Income (Loss)
Quarter Ended September 30, 2020
Balance at June 30, 2020	$	(676)	$	(163)	$	(4)	$	(843)
Other comprehensive income (loss) before reclassifications, net	15		—		6		21
Amounts reclassified, pre-tax	—		4		—		4
Tax benefit reclassified	—		(1)		—		(1)

Balance at September 30, 2020	$	(661)	$	(160)	$	2	$	(819)

Nine Months Ended September 30, 2020
Balance at December 31, 2019	$	(588)	$	(167)	$	(3)	$	(758)
Other comprehensive income (loss) before reclassifications, net	(73)		(1)		5		(69)
Amounts reclassified, pre-tax	—		11		—		11
Tax benefit reclassified	—		(3)		—		(3)

Balance at September 30, 2020	$	(661)	$	(160)	$	2	$	(819)


(dollars in millions)	Foreign Currency Translation		Defined Benefit Pension and Postretirement Plans		Unrealized Hedging (Losses) Gains		Accumulated Other Comprehensive Income (Loss)
Quarter Ended September 30, 2019
Balance at June 30, 2019	$	(578)	$	(154)	$	(2)	$	(734)
Other comprehensive income (loss) before reclassifications, net	(78)		—		(3)		(81)
Amounts reclassified, pre-tax	—		2		—		2


Balance at September 30, 2019	$	(656)	$	(152)	$	(5)	$	(813)

Nine Months Ended September 30, 2019
Balance at December 31, 2018	$	(573)	$	(135)	$	—	$	(708)
Other comprehensive income (loss) before reclassifications, net	(83)		(24)		(5)		(112)
Amounts reclassified, pre-tax	—		7		—		7


Balance at September 30, 2019	$	(656)	$	(152)	$	(5)	$	(813)

Amounts reclassified that relate to defined benefit pension and postretirement plans include amortization of prior service costs and actuarial net losses recognized during each period presented. These costs are recorded as components of net periodic pension cost for each period presented. See Note 10 – Employee Benefit Plans for additional information.